Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. Bitcoin Cash is a cryptocurrency and a payment network. In relation to bitcoin it is characterized variously as a spin-off, a strand, a product of a hard fork, an offshoot, a clone, a second version or an altcoin. The naming of Bitcoin Cash is contentious; it is sometimes referred to as Bcash.
Rising fees on the bitcoin network contributed to a push by some in the community to create a hard fork to increase the blocksize. This push came to a head in July 2017 when some members of the Bitcoin community including Roger Ver felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat Bitcoin as a digital investment rather than as a transactional currency. This push by some to increase the block size met a resistance. Since its inception up to July 2017, bitcoin users had maintained a common set of rules for the cryptocurrency. Eventually, a group of bitcoin activists, investors, entrepreneurs, developers and largely China based miners were unhappy with bitcoin's proposed SegWit improvement plans meant to increase capacity and pushed forward alternative plans for a split which created Bitcoin Cash. The proposed split included a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes.
Bitcoin Cash faucet is a reward system, in the form of a web site or online apps, that give away free Bitcoin Cash in the form of a Satoshi, which is a hundredth of a millionth BCH, for visitors to claim in exchange for complete a captcha or task as described by the web site. There are also other faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various intervals of time. Bitcoin Cash faucets usually give away fractions of a Bitcoin Cash, but the amount will typically fluctuate according to the value of Bitcoin Cash.
Bitcoin Cash Faucet is a great way to help introduce new people to Bitcoin Cash, or to your favourite cryptocurrency. Many faucets provide information to newbies as well as offering them some free satoshi so that they can try before they buy, experimenting with a test transaction before put real money on the road. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.
It is important to note that faucets are not a get rich quick scheme, as the reward amounts are typically quite small and change according on the value of BCH/USD at any given time. Because of this, many users who join a Bitcoin Cash faucet allow their total earnings to build up over time until they are ready to have a larger payment sent to their wallet. Typically, users get involved with faucets because they have a desire to understand more about the cryptocurrency niche and are excited at the prospect of earning free Bitcoin Cash. It’s also a no stress, no-risk way to get started in the crypto industry without have to spend any of your own money on high risk investments.
Many people have noticed how Bitcoin Cash has been growing and has made a handful of lucky people a lot of money. So, why do Bitcoin Cash faucets just give away free satoshi? Are they just being generous and kind? The truth of the matter is that by rewarding users with satoshi, faucets receive revenue. How so? Banners Ads! Many of the most popular and successful faucet sites host a lot of ads. Whether the ads are PPC (pay-per-click), CPM (cost-per-mille), or just there, chances are the site is making a big money just by having advertisements on the page. In addition to ads, faucet sites might also have affiliate links that can allow earn free Bitcoin Cash if users follow the link and sign up for or buy something.
Unfortunately, it’s common for Bitcoin Cash faucets to be totally overloaded with advertisements to the point that they interfere with the user experience. For the time being, though, this is one of the trade-offs of getting a few free satoshi. In addition to educating new users about Bitcoin Cash, some web sites choose to utilize Bitcoin Cash faucets for different reasons, including to boost web site traffic and revenue. Typically, Bitcoin Cash faucets attract high web site traffic. That being said, if a business or web site has other services or content to advertise to Bitcoin Cash users, a high traffic faucet is a good way to get the word out and get more people familiar with a company or a brand. Depending on the content being promoted, a web site can also generate income, something that is difficult to achieve in the incredibly competitive niche.
So, you have decided to give Bitcoin Cash faucets a try and are racking up Satoshi. Where does it all go, and what can you do with it? For beginners, every Satoshi earned by complete faucet tasks gets deposited into your wallet, known as a secure digital account, protected with your own private keys. In simple terms, your Bitcoin Cash wallet functions like your traditional wallet or bank account, and all your private keys can be linked directly to your personal account. For added security and to cater to a wide array of individuals, there are a few different types of wallets to choose from, including desktop, mobile and online wallets. It really depend to personal preferences. And what about micro-wallets?
A micro-wallet is version of a traditional Bitcoin Cash wallet that allow users to collect small amounts of Bitcoin Cash before transferring out to your own wallet as the fees for transferring small amounts of BCH will cancel out anything earned. Sometimes, when faucets pay tiny amounts of Satoshi, it will be deposited to a user micro wallet provider. From a user’s perspective, there are no extra steps to go through to get a micro wallet. In fact, one micro wallet is automatically created when a user creates an account with a Bitcoin Cash faucet. It’s very important to note, however, that micro wallets have limits of anywhere between 10,000 and 20,000 Satoshi. Once that limit is met, the Satoshi will be paid out to a user main Bitcoin Cash wallet.
Like almost everything on the internet, Bitcoin Cash and cryptocurrency faucets make revenue with Bitcoin Cash advertising. The more people that visit the web site or online app, the more advertising revenue the faucet can make. The difficulty for the numerous Bitcoin Cash faucets is attracting people to begin with. The “best” faucet sites offer the users something do other than clicking a “Claim” button and closing the tab. Some faucets use browser games to boost users engagement, while others offer spin the wheel type contests with payout boosting prizes to allure potential and existing users. Others offer gambling games where users can stake their earnings against the site in the hope of winning more. Unfortunately, some sites use cryptocurrency mining scripts that hijack visitors CPU to mine free cryptocurrency. The majority of sites using scripts of this kind are cryptojacking: stealing your CPU and electricity to earn cryptocurrencies. That said, there are some that use only a small amount of your CPU, and some may even offer the option of turning on the script.